The stock of Employers Holdings, Inc. (NYSE:EIG) hit a new 52-week high and has $39.90 target or 26.00% above today’s $31.67 share price. The 7 months bullish chart indicates low risk for the $1.05 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $39.90 price target is reached, the company will be worth $273.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 157,413 shares traded hands or 53.64% up from the average. Employers Holdings, Inc. (NYSE:EIG) has risen 12.76% since April 7, 2016 and is uptrending. It has outperformed by 7.98% the S&P500.
According to Zacks Investment Research, “Employers Holdings, Inc. is a specialty provider of workers compensation insurance focused on select small businesses engaged in low to medium hazard industries. It markets its products through independent local, regional, and national agents and brokers, as well as through its strategic partnerships and alliances and relationships with national, regional, and local trade groups and associations. Employers Holdings, Inc. is headquartered in Reno, Nevada.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.30, from 1.19 in 2016Q1. The ratio fall, as 21 funds sold all Employers Holdings, Inc. shares owned while 60 reduced positions. 16 funds bought stakes while 56 increased positions. They now own 24.90 million shares or 0.71% more from 24.72 million shares in 2016Q1.
Ls Invest Ltd Liability Corporation holds 0% or 1,116 shares in its portfolio. Legal & General Group Public Limited Com accumulated 0% or 9,056 shares. New York State Common Retirement Fund, a New York-based fund reported 140,930 shares. Citigroup Incorporated holds 0% or 21,077 shares in its portfolio. Us National Bank & Trust De holds 0% or 1,848 shares in its portfolio. Walleye Trading Ltd Liability Corporation last reported 0% of its portfolio in the stock. Landscape Mngmt Lc last reported 0.06% of its portfolio in the stock. Moreover, Goldman Sachs Group Incorporated has 0% invested in Employers Holdings, Inc. (NYSE:EIG) for 48,247 shares. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in Employers Holdings, Inc. (NYSE:EIG). Manufacturers Life The holds 0% or 21,392 shares in its portfolio. Panagora Asset Incorporated has 0.05% invested in the company for 315,350 shares. Capstone Asset Management accumulated 0.01% or 14,860 shares. The Illinois-based Lsv Asset Mngmt has invested 0.01% in Employers Holdings, Inc. (NYSE:EIG). Vigilant Cap Lc accumulated 108 shares or 0% of the stock. Nationwide Fund reported 147,834 shares or 0.02% of all its holdings.
Insider Transactions: Since May 16, 2016, the stock had 1 buy, and 8 selling transactions for $2.48 million net activity. Festa Stephen V sold $179,400 worth of stock. Another trade for 20,458 shares valued at $613,740 was made by Nelson Ann W on Wednesday, October 5. Shares for $7,280 were bought by Blakey Richard W on Monday, August 1. Ormsby Lenard T sold $218,200 worth of stock or 7,218 shares. $459,653 worth of Employers Holdings, Inc. (NYSE:EIG) was sold by Hallman Richard P on Monday, August 1.
More important recent Employers Holdings, Inc. (NYSE:EIG) news were published by: Nasdaq.com which released: “Employers Holdings Inc (EIG) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016, also Businesswire.com published article titled: “Employers Holdings, Inc. Names Matthew H. Hendricksen, Vice President …”, Businesswire.com published: “Employers Holdings, Inc. Names Dwight L. Robertson, M.D. Vice President …” on March 14, 2016. More interesting news about Employers Holdings, Inc. (NYSE:EIG) was released by: Businesswire.com and their article: “Employers Holdings, Inc. Schedules Third Quarter 2016 Earnings Release and …” with publication date: October 13, 2016.
EIG Company Profile
Employers Holdings, Inc., incorporated on March 9, 2005, is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. The Firm provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses. The Firm provides workers’ compensation insurance in approximately 30 states and the District of Columbia, with a concentration in California. The Firm invests in fixed maturity securities, equity securities and cash equivalents. The Company’s insurance subsidiaries include Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC) and Employers Assurance Company (EAC).
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